Introducing waqf based takaful model in India

Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Introducing waqf based takaful model in India. In: 1st International Conference on Islamic Wealth Management., 10-11 May 2013 / 30 Jumadil Akhir -1 Rajab 1434 , Sentul City, Bogor, Indonesia.. (Unpublished)

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Abstract

Waqf is a unique feature of the socioeconomic system of Islam in a multi- religious and developing country like India. India is a rich country with waqf assets and the history of waqf in India can be traced back to 800 years ago. Most of the researchers, suggest how waqf can be used a tool to mitigate the poverty of Muslims. India has the third highest Muslim population after Indonesia and Pakistan. However, the majority of Muslims belong to the low income group and they are in need of help. It is believed that waqf can be utilized for the betterment of Indian Muslim community. Among the available uses of waqf assets, this paper focuses on how waqf can help Indian poor Muslims through takaful. Therefore, this paper is proposing to introduce waqf based takaful model in India. In addition, how this proposed model can be adopted in India is highlighted. It is believed that this proposal will be the interests of Muslim community, insurance operators and regulators

Item Type:	Conference or Workshop Item (Full Paper)
Subjects:	H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. Sheila Nu Nu Htay
Date Deposited:	16 Aug 2013 09:20
Last Modified:	16 Aug 2013 09:20
URI:	http://irep.iium.edu.my/id/eprint/31230

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